After creating the hole about the size of my fist in the kid's bathroom wall, I headed to Lowe's to figure out how the heck to patch it.
They have these cute little wall patch things that are made out of metal and this thin rope-like material in a grid pattern. Anyway, you stick it over the hole and slap some joint compound on it. Let it dry and sand it. (very messy by the way)
Here is the hole:
And here it is after I patched and sanded. You'll notice I went ahead and painted. Lucky for you, you are receiving a sneak peak at my color choice.
I painted over this and you can barely see the wound. I still may find some art to hang over this. Otherwise, I'll always notice it.